why would the KG basket range trading give different JPY Strength readings on 2 different platforms at the same time?
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Relative Strength Basket Trading System
- #1,904
- Dec 17, 2008 9:45am Dec 17, 2008 9:45am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I have just set up an Alpari demo to see if it can recreate some of the dafter things to have happened here.
Firing up the demo and adding the EA to a chart showed straight away that the sleep function I have added is necessary.
The ea calls the screen display first of all from the init function - called automatically without having to wait for a tick. This showed a JPY strength of 92, against a true value of about half that. Without the sleep, the ea would have immediately opened a weak basket.
The ea woke up after 2 minutes and immediately showed a more accurate value.
If you are using the ea, definitely go back to post 1900 and download the latest version.
Firing up the demo and adding the EA to a chart showed straight away that the sleep function I have added is necessary.
The ea calls the screen display first of all from the init function - called automatically without having to wait for a tick. This showed a JPY strength of 92, against a true value of about half that. Without the sleep, the ea would have immediately opened a weak basket.
The ea woke up after 2 minutes and immediately showed a more accurate value.
If you are using the ea, definitely go back to post 1900 and download the latest version.
- #1,905
- Dec 17, 2008 11:12am Dec 17, 2008 11:12am
- | Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
- #1,906
- Dec 17, 2008 11:16am Dec 17, 2008 11:16am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
The trading ea seems stable on my platform, so it is about to go on my live account.
I have decided to add a version number to each release, so it will be easy to see which one is the latest. V1 has a Friday close time option. Set ShutDownOnFriday to true to use this option, then set the time in hours that you want the ea to stop trading. The default of 15 represents 3.00pm here in the UK, so you need to experiment to find the setting that works best for you.
I have decided to add a version number to each release, so it will be easy to see which one is the latest. V1 has a Friday close time option. Set ShutDownOnFriday to true to use this option, then set the time in hours that you want the ea to stop trading. The default of 15 represents 3.00pm here in the UK, so you need to experiment to find the setting that works best for you.
- #1,909
- Dec 17, 2008 4:05pm Dec 17, 2008 4:05pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
My name is Susan William.....Am new at forex and i saw Ur forum at forex factory....And i will glad if u can teach me step by step method i can use to start trading....Here is my Email Address: [email protected]
There is not the remotest chance of anyone here offering a step-by-step guide to success. Believe me, if it existed one of the mighty intellects here would have found it.
Start with Babypips School of Pipsology at http://www.babypips.com/school/
Read, mark, learn and inwardly digest everything you can from there. Do some demo trading and blow some demo accounts.
Then identify trading strategies that appeal to you. Come back here to FF, find the threads that most interest you and read them with rapt attention.
Trade some more demos and blow some more demo accounts. Eventually, you might start to succeed, if you are really determined and can stand watching charts all day long for a couple of years.
Guess how I know it takes at least this long?
- #1,910
- Dec 17, 2008 4:07pm Dec 17, 2008 4:07pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
My trading ea took its first live basket - settings 80\20. My management ea is set to tp at $1, or roughly 100 pips.
- #1,911
- Dec 17, 2008 4:23pm Dec 17, 2008 4:23pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
This is very strange, the difference between the 2 platforms as follows:
1) JPY strenth 51.8772
2) JPY strenth 75.6327
difference 23.7555
so, is it a platform problem or something to do with the EA and calculations?
ANY IDEAS?
JpyVal is declared in the general declarations section and is available throughout the program. I have not seen differing values along the IBFX demos I am running. There is frequently a difference between demo and live IBFX accounts, because they use different data feeds.
As the code is the same, the only thing that could give different readings is the platform. Could one instance of the platform accept a quote before another and result in such hugely different results? I have no idea.
Just had an idea. Coming up.
- #1,912
- Dec 17, 2008 4:26pm Dec 17, 2008 4:26pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
This is very strange, the difference between the 2 platforms as follows:
1) JPY strenth 51.8772
2) JPY strenth 75.6327
difference 23.7555
so, is it a platform problem or something to do with the EA and calculations?
ANY IDEAS?
Attached is a version of the ea compiled by the latest Alpari demo - the one I started today.
See if that stops the lunatic things that have been happening when running this ea on an Alpari account.
- #1,913
- Dec 17, 2008 5:15pm Dec 17, 2008 5:15pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
First ea live basket just hit its tp. A combination of manual and ea trading the extremes of the range have added 3.3% to the balance of the account today. So far this week, I am up 6.5%
This is fun.
This is fun.
- #1,914
- Dec 17, 2008 5:49pm Dec 17, 2008 5:49pm
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
Yep, this thing is cranking it out. I have had it running here for the past two days, and its performing very well. (hit 7 tp's so far)
Wouldn't mind having a running tally somewhere of the number of TP's hit, but I am fine with just watching the balance grow
If we wanted to do this on other correlations other than JPY, I assume we'd just duplicate this setup say for AUD, open 3 AUD charts, and set the pairs up accordingly?
Wouldn't mind having a running tally somewhere of the number of TP's hit, but I am fine with just watching the balance grow
If we wanted to do this on other correlations other than JPY, I assume we'd just duplicate this setup say for AUD, open 3 AUD charts, and set the pairs up accordingly?
- #1,915
- Dec 17, 2008 6:14pm Dec 17, 2008 6:14pm
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
The trading ea seems stable on my platform, so it is about to go on my live account.
I have decided to add a version number to each release, so it will be easy to see which one is the latest. V1 has a Friday close time option. Set ShutDownOnFriday to true to use this option, then set the time in hours that you want the ea to stop trading. The default of 15 represents 3.00pm here in the UK, so you need to experiment to find the setting that works best for you.
First, Could you add SL and TP option too, because i see that your EA could be set to trade individual pair too. I think it will be make this EA most powerfull, and i believe not everybody like basket trading hehehehehehehe
Second, Could you add an option to set which currency will be the trigger for basket trading system. In this version we still use JPY as trigger that controlled by weak and strong value. So, if we have this option we could start to play with usd or the other currency as a trigger....
What do you think ?
Regards,
KG
- #1,916
- Dec 17, 2008 6:32pm Dec 17, 2008 6:32pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Thank you Steve,
First, Could you add SL and TP option too, because i see that your EA could be set to trade individual pair too. I think it will be make this EA most powerfull, and i believe not everybody like basket trading hehehehehehehe
Second, Could you add an option to set which currency will be the trigger for basket trading system. In this version we still use JPY as trigger that controlled by weak and strong value. So, if we have this option we could start to play with usd or the other currency as a trigger....
What do you think ?
Once your indis are available with different currency 'centres', I can adaptrewrite the trading ea to reflect the new centre.
Thinking again, have I misunderstood your question? Do you envisage this sort of scenario: USD hits a strength of, say, 80 and is likely to fall from this level. Therefore, it can be sold against the remainder of the basket? Let me know and I will give it some thought.
By the by, the ea has taken its second Weak trade tonight and is heading hotfoot towards its tp. Nice.
- #1,917
- Dec 17, 2008 6:45pm Dec 17, 2008 6:45pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Second ea Weak since letting it loose has hit its tp.
A week ago Monday, this pathetically small account had $104 in it. Now it has $124 in it. Al I have to do is carry on like this and wealth and riches are just around the corner.
We shall see.
A week ago Monday, this pathetically small account had $104 in it. Now it has $124 in it. Al I have to do is carry on like this and wealth and riches are just around the corner.
We shall see.
- #1,918
- Dec 17, 2008 7:04pm Dec 17, 2008 7:04pm
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
.....Once your indis are available with different currency 'centres', I can adaptrewrite the trading ea to reflect the new centre.
Thinking again, have I misunderstood your question? Do you envisage this sort of scenario: USD hits a strength of, say, 80 and is likely to fall from this level. Therefore, it can be sold against the remainder of the basket? Let me know and I will give it some thought.
So, when USD as a Trigger we will trade all USD group. When USD is STRONG we will SELL GBPUSD, EURUSD, NZDUSD & AUDUSD and BUY USDCHF, USDCAD & USDJPY.
But when USD is WEAK we will SELL USDCHF, USDCAD & USDJPY and BUY GBPUSD, EURUSD, NZDUSD & AUDUSD.
For this logic we still use KG RS GROUP as our indicator.
Thanks
KG
- #1,919
- Dec 17, 2008 7:07pm Dec 17, 2008 7:07pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
So far we use JPY as a Trigger, when JPY is STRONG we SELL all xxxJPY pairs and when JPY is WEAK we BUY all xxxJPY pairs.
So, when USD as a Trigger we will trade all USD group. When USD is STRONG we will SELL GBPUSD, EURUSD, NZDUSD & AUDUSD and BUY USDCHF, USDCAD & USDJPY.
But when USD is WEAK we will SELL USDCHF, USDCAD & USDJPY and BUY GBPUSD, EURUSD, NZDUSD & AUDUSD.
For this logic we still use KG RS GROUP as our indicator.
Thanks
KG
Brilliant idea. Leave it with me.
- #1,920
- Dec 17, 2008 7:33pm Dec 17, 2008 7:33pm
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
My pleasure, KG.
It is hard to see how an ea dedicated to basket trading can be converted so it can trade individual pairs. Mind, matrixebiz plans releasing exactly such an ea this weekend, so I suggest we wait for that.
Thanks
KG